MELROSE WATER SUPPLY CORPORATION (EIN 751234913) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

KEITH MILLARD

Phone

9365602360

Tax Period

2023-01-01 to 2023-12-31

MELROSE WATER SUPPLY CORPORATION, founded in 1964, is a small nonprofit that reported $692K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $768K exceeded revenue, resulting in a 11% operating deficit.

Mission

SUPPLY WATER TO MELROSE AND CHIRENO COMMUNITIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $691,454

Investment Income $373

Other Revenue $0

TOTAL REVENUE $691,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,081

Fundraising Expenses $0

Program Expenses $767,958

Other Expenses $575,877

TOTAL EXPENSES $767,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$691,827	$794,907	-0.1%
Expenses	$767,958	$700,301	+0.1%
Net Income	$-76,131	$94,606	-1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON BROWN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RAYMOND WATTS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA GILPATRICK	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
KEITH MILLARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
ARTHUR SMITH	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$691,827	$767,958	$1,519,610	$-76,131
2022	$794,907	$700,301	$1,624,503	$94,606
2021	$706,533	$748,220	$1,642,413	$-41,687
2020	$711,644	$661,588	$1,764,803	$50,056
2019	$698,301	$790,208	$1,836,984	$-91,907
2018	$675,451	$800,692	$2,004,055	$-125,241

MELROSE WATER SUPPLY CORPORATION